What Is the DAX?
The DAX represents 30 of the largest and most liquid German companies that trade on the Frankfurt Exchange. It is calculated by prices coming from XETRA, an electronic trading company. It was founded on the 1st of July, 1988 and XETRA has been calculating the index every one second since 1 January 2006.
It differs from other indices by that it is updated with futures prices for the next day, even after the actual stock exchange has closed.
The component companies of DAX are:
Adidas, Allianz, BASF, Bayer, Beiersdorf, BMW, Continental, Covestro, Daimler, Deutsche Bank, Deutsche Börse, Deutsche Lufthansa, Deutsche Post, Deutsche Telekom, E.ON, Fresenius, Fresenius Medical Care, HeidelbergCement, Henkel, Infineon Technologies, Linde, Merck, Munich Re, RWE, SAP, Siemens, ThyssenKrupp, Volkswagen Group, Vonovia and Wirecard.
The official website can be found here.
Learn more about the DAX 30 price and other indices in our FX Academy.